HOUSING PROJECT

The Reserve Bank on Tuesday asked banks to link the disbursal of home loans to stages of construction to protect the interests of buyers and contain the fallout of "innovative" housing financing schemes.
"In view of the higher risks associated with such lump-sum disbursal of sanctioned housing loans and customer suitability...

DLF Ltd has been directed by a consumer forum in New Delhi to pay Rs 1.5 lakh to an allottee as compensation for its "unfair trade practice" of not refunding money paid for booking a flat which was not handed over in time.
The New Delhi District Consumer Disputes Redressal Forum...

New Delhi: Defence Minister AK Antony has ordered a probe into allegations of irregularities in an Army housing project in Kochi. Antony has asked senior officials in the Ministry to probe the allegations of irregularities in the Army Welfare Housing Project in Kochi, defence sources said here.
The allegations had surfaced...

Jaipur: Samajwadi Party in Rajasthan on Sunday alleged irregularities in a housing project for Central government employees and demanded a CBI probe into the matter. The company, which was given tender for the construction in 2007, committed a scam worth Rs 200 crore in connivance with the Central Government Employees...

Mannar: India on Tuesday launched an ambitious Rs 1,300 crore housing project in northern Sri Lanka to build brand new homes for about 43,000 ethnic Tamil families displaced due to the civil war in the country.
The project, which is the second phase of the housing scheme, was launched in three...

New Delhi: Real estate developers expect home prices to rise by at least 25 per cent in Noida Extension as the government's approval to Greater Noida master plan has paved the way for start of construction, which was stalled for over a year in the area.
The National Capital Region Planning...

Mumbai: In the Powai land allotment case, the Anti Corruption Bureau (ACB) has registered an FIR against top Mumbai builder Niranjan Hiranandani and IAS officer TC Benjamin for misuse of government agreement.
A special court on Monday directed the ACB to inquire into a criminal complaint case filed against real estate...

New Delhi: The long wait of thousands of home buyers to possess flats in Greater Noida finally could be nearing an end as a statutory on Thursday approved the Draft Master Plan for Greater Noida2021.
National Capital Region Planning Board (NCRPB) officials on Thursday said that in its Statutory Committee meeting...

Mumbai: Tomorrow, it will be exactly two years since Maharashtra Chamber of Housing Industry (MCHI) and the state government inked a Memorandum of Understanding (MoU). The intent was to develop five lakh affordable homes in Mumbai and the Mumbai Metropolitan Region (MMR).
However, in a recent statement, MCHI has claimed...

Greater Noida: Uncertainty continued to loom large over Noida Extension home projects with the NCR Planning Board yet to clear the Greater Noida Master Plan 2021.
"There is no chance of resuming construction of Noida Extension projects in the next four months as it will take at least 34 months for...

Noida: Uttar Pradesh Chief Minister Mayawati's biggest project till date, 'Kanshiram Awaas Yojna', is under the scanner. The project is aimed at giving thousands of free lowcost homes to the poor in the cities of Uttar Pradesh. CNNIBN has learnt that the flats are being handed to millionaires instead.
Noida...

New Delhi: Real estate developers on Monday said the Land Acquisition Bill passed by the Cabinet would make land costlier by up to 80 per cent, adversely affecting the housing development in the country.
Expressing disappointment over the Bill, which will now be introduced in Parliament on Wednesday, apex realtors body...

Noida: With farmers on warpath over greater compensation for their acquired land, Noida Chairman Balwinder Kumar on Tuesday said it was "practically not possible" to meet the key demand.
"There is no possibility of increase in compensation for land which has already been taken. If authority gives the hike to one...

New Delhi: Noida Extension Flat Buyers Welfare Association, which represents nearly 30,000 affected flat owners in Greater Noida, is expecting that the Allahabad High Court will admit its applications on July 26 to become a party in the cases related to land acquisition.
In two separate orders, the High Court has...

New Delhi: The Supreme Court on Tuesday ruled that all the buyers who had invested in the controversial Noida Housing Project would be entitled to complete refund of money, including interest, from the builders.
A bench of justices G S Singhvi and A K Ganguly, which had on July 6...

New Delhi: Noida Extension was pegged as North India's next big housing boom destination with cheap prices and spacious development, but after the Supreme Court's judgement all that might have changed.
Until last week the makeshift booking offices of developers across Noida extension were crowded with customers, but after the Supreme...

Greater Noida: The Supreme Court's decision to cancel land acquisitions in the Noida Extension area has left thousands of investors in the lurch. But in Shaberi village, the order has made many farmers happy.
Sixty threeyear old Rajpal Arya was a relieved man after the Supreme Court on Wednesday asked the...

New Delhi: Jubilant farmers of Sahberi village danced after the Supreme Court stayed the acquisition of their land by the Greater Noida Authority. As the apex court struck down the acquisition of land from farmers by commercial builders in the Noida Extension area, about 156 hectares of land will now...

New Delhi: The Environment Ministry is expected to file its reply on the controversial Lavasa housing project near Pune, which allegedly violated green norms, before the Bombay High Court on Tuesday.
The report has been finalised and it will be submitted before the Bombay High Court tomorrow, said a source in...

New Delhi: Mumbai, the city of opportunities, the maximum city may land you a dream job but getting an affordable home is next to impossible.
However, Ratan Tata wants to change that. After launching the world's cheapest car, he wants to give Mumbai cheaper homes. The Tata's are going to build...